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The management of Giammarino Corporation is considering introducing a new product--a compact barbecue. At a selling price of $71 per unit, management projects sales of

The management of Giammarino Corporation is considering introducing a new product--a compact barbecue. At a selling price of $71 per unit, management projects sales of 10,000 units. Launching the barbecue as a new product would require an investment of $80,000. The desired return on investment is 12%. The target cost per barbecue is closest to:

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